Bihar Gramin Bank FARHA IFSC Code

If you’re looking to make a fund transfer to or from the Bihar Gramin Bank branch located in FARHA, Nawada, Bihar, understanding its Indian Financial System Code (IFSC) is essential. The IFSC is a unique code that plays a crucial role in enabling smooth and secure online financial transactions like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). This code helps identify the specific bank branch involved in a transaction, ensuring your money reaches the correct destination quickly and accurately.

Branch Details

Bank Name	Bihar Gramin Bank
Branch Name	FARHA
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	7566
Branch Address	FARHA, Nawada, 805110, 7070997566
Contact Number	7070997566
City	Nawada
District	Nawada
Reason	NAWADA
Pincode	805110
State	Bihar

Merger Update

The Bihar Gramin Bank, including its FARHA branch, operates under a unified structure following significant mergers. Previously, regional rural banks like Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) existed. Both of these banks have now merged to form the Bihar Gramin Bank, which is sponsored by Punjab National Bank.

Due to this merger, all branches, including FARHA, now use a single, standardized IFSC code series. The specific IFSC code for Bihar Gramin Bank, FARHA branch, is PUNB0MBGB06. It is critical to note that any old IFSC codes previously associated with Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank for their respective branches have been revoked and are no longer valid for transactions. Always use the new, unified IFSC code PUNB0MBGB06 for all your digital fund transfers to ensure they are processed correctly.

What is IFSC Code?

The IFSC Code, or Indian Financial System Code, is an 11-character alphanumeric code that uniquely identifies every bank branch in India participating in online financial transactions. It’s designed to streamline the process of transferring funds between different banks and branches.

The structure of an IFSC code is straightforward:

• The first four characters represent the bank’s identifier. For example, in PUNB0MBGB06, “PUNB” stands for Punjab National Bank, the sponsoring bank for Bihar Gramin Bank.
• The fifth character is always a “0” (zero). This character is reserved for future use and acts as a control character.
• The last six characters uniquely identify the specific bank branch. In PUNB0MBGB06, “MBGB06” is the unique code for the FARHA branch of Bihar Gramin Bank.

This detailed breakdown allows the banking system to pinpoint the exact branch for any transaction, minimizing errors and speeding up transfers.

How to Use IFSC Code

Using the IFSC code is a standard part of initiating online fund transfers through NEFT, RTGS, or IMPS. Here’s a general step-by-step guide:

1. Log In to Your Bank’s Online Banking: Access your net banking portal or mobile banking app using your credentials.
2. Select Fund Transfer Option: Look for options like “Fund Transfer,” “NEFT,” “RTGS,” or “IMPS.”
3. Add a New Beneficiary (if not already added): If you’re sending money to someone for the first time, you’ll need to add them as a beneficiary.
4. Enter Beneficiary Details:
   • Beneficiary Name: The full name of the person or entity you are sending money to.
   • Beneficiary Account Number: The account number of the recipient. You will often need to enter this twice for confirmation.
   • IFSC Code: Enter the 11-character IFSC code, which is PUNB0MBGB06 for the FARHA branch.
   • Bank Name and Branch Name: These fields will often auto-populate once you enter a correct IFSC code, which helps confirm you’ve entered it right.
5. Enter Amount: Specify the amount you wish to transfer.
6. Confirm and Authorize: Review all the details carefully, then confirm the transaction using your password, PIN, or OTP (One-Time Password).

Once authorized, the funds will be transferred according to the respective service’s processing times (NEFT typically in batches, RTGS almost immediate for large amounts, IMPS immediate 24/7).

Benefits of Knowing Your IFSC Code

Knowing the correct IFSC code for your bank branch, or for the branch you’re sending money to, offers several advantages:

• Accurate Fund Transfers: Ensures that money is directed to the precise bank branch, preventing misdirection of funds.
• Faster Processing: Enables quick identification of the destination bank branch, speeding up NEFT, RTGS, and IMPS transactions.
• Mandatory for Digital Transactions: It is a compulsory piece of information for all online fund transfers within India.
• Enhanced Security: Adds an extra layer of verification, confirming the authenticity of the bank and branch involved in the transaction.
• Convenient for Senders: Makes it easier for others to send money to your account as they have all necessary details for online transfers.

Contact Information

For inquiries or assistance regarding the Bihar Gramin Bank, FARHA branch, or any other general banking services, you can use the following contact details:

• Branch Phone Number: 7070997566
• Branch Address: FARHA, Nawada, 805110
• Bihar Gramin Bank Head Office Address: SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number: 18001807777

FAQs

1. What is the main purpose of an IFSC code?

The main purpose of an IFSC code is to uniquely identify each bank branch in India that participates in online fund transfer systems like NEFT, RTGS, and IMPS. It ensures that money transfers are routed to the correct destination branch without errors.

2. Is the IFSC code PUNB0MBGB06 unique to the FARHA branch?

Yes, the last six characters “MBGB06” specifically identify the FARHA branch of Bihar Gramin Bank. While the first five characters “PUNB0” are common to many branches under the Bihar Gramin Bank (due to its sponsorship by Punjab National Bank), the full 11-character code PUNB0MBGB06 is unique to the FARHA branch.

3. Can I use an old IFSC code from Uttar Bihar Gramin Bank (UBGB) or Dakshin Bihar Gramin Bank (DBGB) for transfers to Bihar Gramin Bank?

No, you cannot. Following the merger that formed Bihar Gramin Bank, all old IFSC codes from UBGB and DBGB have been revoked. You must use the new, unified IFSC code series, such as PUNB0MBGB06 for the FARHA branch, for all digital fund transfers.

4. What happens if I enter an incorrect IFSC code during a transaction?

If you enter an incorrect IFSC code, the transaction will likely fail or be rejected by the banking system. The system uses the IFSC code to validate the recipient’s bank and branch. An incorrect code means the system cannot identify the correct destination, thus preventing the transfer from going through. It’s crucial to double-check the IFSC code before confirming any transfer.

5. How can I find the IFSC code for other branches of Bihar Gramin Bank?

You can find IFSC codes for other Bihar Gramin Bank branches through several official and reliable sources. These include the Reserve Bank of India (RBI) website, the official Bihar Gramin Bank website, or by contacting the bank’s customer service directly. Many reputable financial websites also provide IFSC code lookup tools.